Last year Gerry Ford delisted the coffee bar company he founded in 1997 from the London Stock Exchange to pursue expansion plans away from the spotlight. The company has 360 coffee houses in Britain, plus bars in airports and railway stations. Ford has already opened shops in Istanbul, Turkey, and is now is planning to take Caffè Nero’s espresso-based coffee, paninis, soups and salads into eastern Europe and the Middle East. The venture-capital firm Paladin, itself co-founded by Ford, provided £6m of start-up funding and invested again in the £230m public-to-private buyout. Profits have grown 56% annually, from £3.2m in 2004 to £12.1m in 2007.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.